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    Property profile & analytics

    8505 Navajo Rd San Diego, CA 92119-2001

    • Medical offices
    • 3,698 SF
    • 0.37 lot acres
    OFF-MARKET
    Last Sale
    Dec 18, 2024
    $1,545,000
    Value Estimations
    $1,525,000
    Show details
    Cap Rate Potential
    4.2%
    Medical offices
    Location Intelligence
    Property ID
    US09-8921771
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • DBD PUBLISHING / Book Publisher
    • Dentistry By Design / Dentist
    • Dental Expressions / Dentist / Cosmetic Dentist
    • Dental Expressions, Richard T Masek, DDS, Inc / Dentist

    Property Details for 8505 Navajo Rd

    Year built
    1995
    Lot size
    0.37 lot acres
    Property size
    3,698 SF
    Zone code
    COMMERCIAL
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    457-320-08-00
    APU
    4573200800

    Description

    This exceptional Class A medical office building, located at 8505 Navajo Road in San Diego, California (zip code 92119), presents a compelling owner-user investment opportunity. The single-story, 3,698 square foot building sits on a large 16,000 square foot corner lot and boasts 18 parking spaces, with ample street parking also available. Built in 1998, the property features a 100% occupancy rate with a current Net Operating Income (NOI) of $192,000, yielding an 8.37% cap rate. A pro-forma NOI of $180,000 and a pro-forma cap rate of 7.84% are also available. The building is currently utilized as a dental practice, but its versatile design, including a large 675 square foot seminar room, makes it suitable for various medical uses, such as an oral surgery center. The property includes medical gas infrastructure. A significant advantage is the substantial solar array, providing free electricity and substantial tax savings through depreciation. The solar array, valued at $500,000, allows for approximately $100,000 in annual depreciation deductions. Note that the AT&T cellular lease does not convey with the sale. The asking price is $2,295,000, translating to a price per square foot of $620.61. The property is zoned for Commercial, Medical, and Retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,545,000
      ML approach
      $1,545,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,085,000
      6.5%
      $1,000,000
      7%
      $930,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.013
    Latitude
    32.8028
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $16,909
    $735,000
    $615,000
    $1,350,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $930,000
      15,935 SF

      6280 Jackson Dr

      MEDICAL BUILDING • 15,935 SF
      6280 Jackson Dr, San Diego, CA 92119-3434
      View Details
    • Value Estimation
      $330,000
      0.17 Acres

      8618 Lk Murray Blvd

      MEDICAL BUILDING • 0.17 Acres
      8618 Lk Murray Blvd, San Diego, CA 92119-2828
      View Details
    • Value Estimation
      $975,000
      19,020 SF

      8680 Navajo Rd

      MEDICAL BUILDING • 19,020 SF
      8680 Navajo Rd, San Diego, CA 92119-2043
      View Details
    • Value Estimation
      $505,000
      2,432 SF

      7850 Golfcrest Dr

      MEDICAL BUILDING • 2,432 SF
      7850 Golfcrest Dr, San Diego, CA 92119-1204
      View Details
    • Value Estimation
      $425,000
      2,932 SF

      6902 Navajo Rd

      MEDICAL BUILDING • 2,932 SF
      6902 Navajo Rd, San Diego, CA 92119-1563
      View Details
    • Value Estimation by Request
      21,793 SF

      7183 Navajo Rd, Unit 89

      MEDICAL BUILDING • 21,793 SF
      7183 Navajo Rd, San Diego, CA 92119-1696
      View Details

    Similar Nearby for Lease

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      Dental Office Space Available

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      6280 Jackson Dr, San Diego, CA 92119
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      Prime Commercial Property in San Diego

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      1,142 SF

      San Carlos Retail Space Available

      Retail space in dynamic San Carlos neighborhood with highway access.
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      1,240 SF

      Retail Space in San Carlos

      Retail space for lease in established San Carlos trade area.
      6975-6983 Navajo Rd, San Diego, CA 92119
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    • Contact for pricing
      33,958 SF

      San Diego Retail Opportunity

      Prime commercial property in San Diego with modern amenities.
      8780-8876 Navajo Rd, San Diego, CA 92119
      View Details
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    San Diego, CA 92119-2001
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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